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9 Beds
3 Baths
3,699 sqft

$439,000

274 Morton Avenue, Albany NY, 12209

Price per sqft$118.68
Built in1925
Property size3,699 sqft
Property typeMulti-family

Overview

Active

Listed Oct 29, 2026

Updated 30h ago

PRICE IMPROVEMENT! Strong-performing 3-family in Albany — pro-forma cap rate of 9.5%+ at the new price. First and third floor units are rented at $1,500/month each ($36,000/year in place). The second-floor unit is delivered VACANT — perfect for an owner-occupant to live in while the other two units cover the mortgage, or lease it at market rent ($1,600-$1,700/month) to maximize income. Total pro-forma gross income of approx. $55,000+/year against total annual expenses of only approx. $13,306. Nine bedrooms total across 3,699 sq ft, three full baths, spacious layouts in every unit. All three units have been renovated within the past 2-3 years — just collect the rent. Great location — directly across from the park and just minutes from Albany Medical Center, Turnkey investment or owner-occupant opportunity — bring your buyers!

$2,921/mo

Est. mortgage payment based on a $439,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202629205

Interior Features

Bedrooms
9
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$8,505
Tax Frequency
Annually

Listed by Qiu Qin Zheng with Gilcrest Properties
Listing Contact: 845-901-8454 

The IDX display contains information sourced from Global MLS as of 11/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/3/2026 at 6:01 AM UTC

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